Press Release: State aid: Commission temporarily clears support for Anglo Irish Bank and INBS and opens in-depth investigation on Anglo Irish Bank

The European Commission authorised on 31 March 2010 under EU state aid rules an emergency recapitalisation worth up to €10.44 billion in favour of Anglo Irish Bank and €2.7 billion in favour of the Irish Nationwide Building Society (INBS) for reasons of financial stability. The Commission approved the measures for a period of six months. At the same time, the Commission opened an in-depth investigation into the total aid received so far by the Anglo Irish Bank and its accompanying restructuring plan. Interested third parties have now the possibility to comment on the measures concerned. The opening of an investigation does not prejudge the outcome of the procedure.

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